Cetera Trust Company N.A Acquires Shares of 5,339 United Parcel Service, Inc. (NYSE:UPS)

Cetera Trust Company N.A bought a new position in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,339 shares of the transportation company's stock, valued at approximately $839,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pacific Center for Financial Services acquired a new position in United Parcel Service in the 1st quarter valued at $25,000. IMA Wealth Inc. boosted its position in shares of United Parcel Service by 100.0% during the 2nd quarter. IMA Wealth Inc. now owns 142 shares of the transportation company's stock valued at $25,000 after acquiring an additional 71 shares in the last quarter. Worth Asset Management LLC acquired a new stake in shares of United Parcel Service during the 1st quarter valued at about $27,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of United Parcel Service during the 4th quarter valued at about $26,000. Finally, OFI Invest Asset Management acquired a new stake in shares of United Parcel Service during the 3rd quarter valued at about $25,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Up 0.0 %

Shares of United Parcel Service stock traded up $0.03 on Friday, hitting $142.77. The company had a trading volume of 5,118,505 shares, compared to its average volume of 4,563,615. The firm has a market capitalization of $121.73 billion, a P/E ratio of 18.33, a P/E/G ratio of 1.66 and a beta of 1.05. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $197.80. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a 50-day moving average of $149.48 and a 200-day moving average of $151.16.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.01. The company had revenue of $24.92 billion during the quarter, compared to analysts' expectations of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The business's quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.62 earnings per share. Research analysts predict that United Parcel Service, Inc. will post 8.2 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.57%. The ex-dividend date was Friday, February 16th. This is a boost from United Parcel Service's previous quarterly dividend of $1.62. United Parcel Service's dividend payout ratio is 83.70%.

Wall Street Analysts Forecast Growth

UPS has been the subject of several analyst reports. Susquehanna reissued a "neutral" rating and set a $150.00 price target on shares of United Parcel Service in a report on Wednesday, March 27th. Stifel Nicolaus dropped their target price on shares of United Parcel Service from $178.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday, March 28th. HSBC dropped their target price on shares of United Parcel Service from $155.00 to $150.00 and set a "hold" rating for the company in a research note on Thursday, March 28th. JPMorgan Chase & Co. dropped their target price on shares of United Parcel Service from $154.00 to $150.00 and set a "neutral" rating for the company in a research note on Tuesday, April 9th. Finally, TD Cowen dropped their target price on shares of United Parcel Service from $147.00 to $140.00 and set a "hold" rating for the company in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $165.61.

Insider Activity

In other United Parcel Service news, Director Eva C. Boratto acquired 1,400 shares of the business's stock in a transaction dated Friday, February 2nd. The shares were acquired at an average price of $142.30 per share, with a total value of $199,220.00. Following the completion of the transaction, the director now directly owns 1,400 shares in the company, valued at approximately $199,220. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.13% of the company's stock.

United Parcel Service Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.